South Korea’s LNG demand shot up by nearly 28% year on year in January as a result of cold weather and efforts to refill the country’s ample storage capacity. A surge in LNG demand in December 2016 saw Korea’s imports rise on an annual basis, instead of falling as expected. Outages at four reactors at the Wolsong nuclear power plant in September are also expected to have affected demand. The average price South Korea paid for LNG increased by 9% month...

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